5.1. Licensee agrees that Balasys owns all rights, titles, and interests related to the Zorp Professional and all of Balasys's patents, trademarks, trade names, inventions, copyrights, know-how, and trade secrets relating to the design, manufacture, operation or service of the Balasys Products.
5.2. The use by Licensee of any of these intellectual property rights is authorized only for the purposes set forth herein, and upon termination of this License Contract for any reason, such authorization shall cease.
5.3. The Balasys Products are licensed only for internal business purposes in every case, under the condition that such license does not convey any license, expressly or by implication, to manufacture, duplicate or otherwise copy or reproduce any of the Balasys Products.
No other rights than expressly stated herein are granted to Licensee.
5.4. Licensee will take appropriate steps with its Authorized Subsidiaries, as Balasys may request, to inform them of and assure compliance with the restrictions contained in the License Contract.
Published on May 30, 2024
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